We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · PE24 5TN
Listing removedListed 84 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Being sold via Secure Sale online bidding. Terms and conditions apply. This well proportioned detached bungalow sits on a good sized plot and has a driveway and single garage.
The accommodation comprises; hallway, bathroom, two double bedrooms, lounge, conservatory, large kitchen-diner plus versatile room to the rear of the garage - could be useful for various different people including a home office/workshop/hobbies room/garden room or possibly an en-suite to the master bedroom (subject to the necessary consents and planning).
The property has oil central heating and UPVC double glazing. Located on a private road within 1/2 a mile of the village green, shops, amenities and the golden sandy beaches.
This property will be legally prepared enabling any interested buyer to secure the property immediately once their bid/offer has been accepted.
Ultimately a transparent process which provide speed, security and certainty for all parties.
Council Tax Band: A Tenure: Freehold Hall Entered via a UPVC front door, two radiators, loft access, doors to; Bedroom One (3.27m x 3.52m) With UPVC window to the rear aspect, radiator.
Bedroom Two (3.28m x 2.76m) With UPVC window to the front aspect, radiator.
Bathroom (2.71m x 2.28m) With Velux window, low level WC, pedestal wash hand basin, p-shaped bath with shower over and shower screen, tiled floor, part tiled walls, radiator, extractor fan.
Lounge (3.29m x 3.56m) With UPVC window to the side aspect, radiator, decorative fireplace, French doors to; Conservatory (2.76m x 2.75m) Of UPVC construction, door to front garden.
Kitchen-Diner (6.05m x 3.28m) UPVC windows to the side and rear aspects, radiator, fitted with a range of base and wall cupboards with worktops over, 1 and 1/2 bowl sink, oil central heating boiler, space for American fridge freezer, space and plumbing for washing machine, free standing electric cooker, extractor fan over, UPVC door to the side aspect.
Outside To the front the garden is laid to gravel and shrubs, concrete drive leads to the garage, a foot path and gate to the side of the bungalow leads to the rear garden which is laid to lawn and deck with gravel beds, shrubs, trees, two sheds, oil tank, enclosed by trellis.
Garage (5.80m x 3.03m) With up and over door, with power and light, Axminster powered tool centre to hoover sawdust, door to; Hobbies Room (2.79m x 2.77m) Accessed via the garage and a UPVC door from the garden, with pedestal wash hand basin, power and light, plastered walls, radiator.
Auctioneers Additional Comments Pattinson Auction are referred to as The Auctioneer.
This auction lot is being sold by either conditional (Modern) or unconditional (Traditional) auction terms and overseen by The Auctioneer.
The method of auction sale and the applicable terms and conditions are found on the lot page of this property on The Auctioneers website.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details to be shared between any marketing agent and The Auctioneer so that matters can be dealt with effectively.
The property is being sold via a transparent online auction. To submit a bid, all bidders must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and The Auctioneer and will typically be within a range above or below 10% of the Guide Price or Starting Bid. These prices are subject to change.
An auction can be closed at any time, with The Auctioneer permitting the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this property is available to view upon request and contains details relevant to the legal documentation, enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and The Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Lindsey, Gatrum Lane, Skegness
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